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New Zealand households' median net worth rose 33% to $529,000 by June 2024, mainly due to rising property values, but wealth gains were uneven across income, age, and ethnic groups.
New Zealand households saw a 33% rise in median net worth to $529,000 by June 2024, driven by growing property values, with real estate making up nearly half of all household assets.
Despite the overall increase, wealth gains were uneven, with the top 20% holding two-thirds of total wealth and the lowest income groups seeing little to no change.
Median net worth varied significantly by age and ethnicity, with older households and Europeans having substantially higher wealth.
Inheritance recipients had a median net worth of $984,000.
The data, from Stats NZ’s Household Economic Survey, marks the final release in its current format, with future updates to come from a new survey.
El patrimonio neto medio de los hogares neozelandeses aumentó un 33% a $ 529,000 en junio de 2024, principalmente debido al aumento de los valores de las propiedades, pero las ganancias de riqueza fueron desiguales en función de los ingresos, la edad y los grupos étnicos.